STEMCELL Technologies Canada Inc. to build two new cutting-edge biomanufacturing facilities to produce critical inputs used in the development and manufacture of vaccines, therapeutics and diagnostic technologies
The Government of Canada continues to strengthen Canada’s dynamic industrial capabilities in the life sciences sector. We are expanding domestic biomanufacturing capacity, creating jobs and growing the economy, while also improving our ability to address future health needs and producing the next generation of medicines in our country.
Today, the Honourable Anita Anand, Minister of Innovation, Science and Industry, announced a $49.9 million investment through the Strategic Innovation Fund in STEMCELL Technologies Canada Inc. This investment will support the company’s $222 million project to establish large-scale production of essential inputs used to develop and manufacture vaccines, therapies and diagnostic technologies. It will also help create 460 jobs and 900 four-month co-op positions for students.
